Acton Institute Powerblog Archives

Post Tagged 'free trade'

Trade with China, or Blockade Their Ports?

Congress insults our intelligence when it tells us that Chinese currency games are to blame for our trade deficit with that country and unemployment in our own. Legislators might as well propose a fleet of men-o’-war to navigate the globe and collect all its gold: economics is not a zero-sum game. Continue Reading...

Critiquing Fair Trade and Dead Aid

Cardus’ Robert Joustra rightly pillories “fair trade” along with the logic of foreign aid in a challenging article, “Fair Trade and Dead Aid: ‘My Voice Can’t Compete with an Electric Guitar.'” Joustra’s point of departure is sound: “The aid model is not working, and no large-scale cash infusion or debt forgiveness scheme is going to make it suddenly start working. Continue Reading...

PBR: Friedman on Free Trade

No, not that Friedman. In a wide-ranging lecture for the Carnegie Council for Ethics in International Policy earlier this year, George Friedman touched on American policy with regard to trade. He says of the United States, it has the potential to reshape patterns of international trade if it chooses. Continue Reading...

PBR: Retreat, not Surrender

Free trade seems to get all the blame when things go wrong and none of the credit when things go right. It’s the Rodney Dangerfield of global economics: it gets no respect. Continue Reading...

Free Trade Follies

Last week presidential candidate John McCain distanced himself from economic adviser Phil Gramm, after Gramm’s comments that America had become a “nation of whiners” and that the current concerns over a lagging economy amounted to a “mental recession” rather than any real phenomena. Continue Reading...

Economists are People Too

In any period of economic transition there are upheavals at various levels, and winners and losers (at least in the short term). We live in just such an age today in North America, as we move from an industrial to a post-industrial information and service economy, from isolationism to increased globalization. Continue Reading...